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S&P ups LaSalle Bank
Standard & Poor's said it raised its ratings on LaSalle Bank Corp. and on various subsidiaries, including LaSalle Bank NA and removed them from CreditWatch positive, where they were placed on April 23.
The counterparty credit rating on LaSalle Bank Corp. was raised to AA/A-1+ from A+/A-1, the agency said.
The outlook is stable.
According to S&P, the rating action follows the completion of higher-rated Bank of America Corp.'s acquisition of LaSalle Bank Corp. and various subsidiaries.
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